| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $702M | $696M | $630M | 0.9% | 11.4% |
| Op. Income | $260M | $243M | $207M | 7.0% | 25.7% |
| Gross Margin | 96.4% | 94.3% | 97.0% | 2.2pp | -0.6pp |
| Net Margin | 17.5% | 23.0% | 21.8% | -5.5pp | -4.3pp |
| EPS (Diluted) | $0.54 | $0.72 | $0.60 | -25.0% | -10.0% |
| Free Cash Flow | $89M | $188M | $81M | -52.7% | 10.2% |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $677M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $267M |
| SG&A Expenses | $272M |
| Other Expenses | $145M |
| Operating Expenses | $417M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $260M |
| Interest Income | $562M |
| Interest Expense | $36M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $137M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $48M |
| EBIT | $260M |
| EBITDA | $308M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $677M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $267M |
| SG&A Expenses | $272M |
| Other Expenses | $145M |
| Operating Expenses | $417M |
| Cost & Expenses | $442M |
| OPERATING INCOME | $260M |
| Interest Income | $562M |
| Interest Expense | $36M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $137M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $48M |
| EBIT | $260M |
| EBITDA | $308M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $150M |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$180M |
| OPERATING CASH FLOW | $125M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$823M |
| Sales/Maturities of Investments | $637M |
| Other Investing Activities | -$620M |
| NET CASH FROM INVESTING | -$842M |
| Net Debt Issuance | $352M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $522M |
| NET CASH FROM FINANCING | $724M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $15.2B |
| Net Receivables | $364M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.0B |
| Intangible Assets | $2M |
| Long-Term Investments | $45.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $49.4B |
| TOTAL ASSETS | $66.3B |
| Account Payables | $0 |
| Short-Term Debt | $5.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $52.6B |
| TOTAL CURRENT LIABILITIES | $57.6B |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $629M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $58.6B |
| Common Stock | $4.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$139M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $66.3B |
| Total Debt | $5.4B |
| Net Debt | $4.0B |
